Stocks (^DJI, ^IXIC, ^GSPC) are in positive territory after Federal Reserve Chair Jerome Powell's speech at Jackson Hole on Friday, where he assured markets that rate cuts were forthcoming. Kim Forrest, Bokeh Capital Partners founder and chief investment officer joins Market Domination to share her market outlook.

Forrest observes that Powell is "clear on what his objectives are," referring to the Fed's dual mandate of full employment and stable prices. With inflation trending downward and job numbers "going in the wrong direction," Forrest believes the next logical step is to implement rate cuts, which aligns with Powell's message.

Regarding the potential magnitude of rate cuts, Forrest emphasizes the importance of upcoming economic data. She notes that markets will need to closely review jobs numbers, inflation figures, "and all the other kind of health checks that we will get. Statistics on the economy between now and the time the Fed meets." She notes this maintains the Fed's commitment to a data-driven approach in its decision-making process.

Watch Federal Reserve Chair Jerome Powell's full speech here.

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This post was written by Angel Smith